{"id":17307,"date":"2011-12-13T17:34:18","date_gmt":"2011-12-13T21:34:18","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=17307"},"modified":"2011-12-13T17:34:18","modified_gmt":"2011-12-13T21:34:18","slug":"mfc-pr-g-underwriters-clearance-sale","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=17307","title":{"rendered":"MFC.PR.G Underwriters&#039; Clearance Sale"},"content":{"rendered":"<p>Usually reliable sources tell me that the underwriters of MFC.PR.G are blowing out their inventory at 23.75.<\/p>\n<p>MFC.PR.G is a 4.40%+290 FixedReset that <a href=\"http:\/\/www.prefblog.com\/?p=17220\">settled December 6<\/a> to widespread revulsion and despair &#8230; the inventory blow-out is happening while the ink&#8217;s still wet on the certificate!<\/p>\n<p>It is interesting to compare this with the <a href=\"http:\/\/www.prefblog.com\/?p=17291\">BCE.PR.K reopening announced yesterday<\/a> &#8230; BCE.PR.K is a 4.15%+188 FixedReset trading at around par.<\/p>\n<p>I don&#8217;t get it.<\/p>\n<p>You want to talk about BCE being a better credit than MFC? We can talk. You want to talk about BCE being non-financial and therefore having some scarcity value? We can talk. But is that worth A WHOLE FRIGGIN&#8217; POINT of dividend after reset? Even before accounting for the price difference? You better talk real good!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Usually reliable sources tell me that the underwriters of MFC.PR.G are blowing out their inventory at 23.75. MFC.PR.G is a 4.40%+290 FixedReset that settled December 6 to widespread revulsion and despair &#8230; the inventory blow-out &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-17307","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17307"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17307\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}